Thursday, May 17, 2012by Matthew McGuire
Credit unions in Ontario have received two important notices from their regulators about AML compliance this month. Both are indications of increased scrutiny of anti-money laundering compliance efforts, and follow the trend of FINTRAC’s focus shifting from education to enforcement. View the full blog post >>
Thursday, January 19, 2012by Matthew McGuire
Recently the Deposit Insurance Corporation of Ontario released an advisory which outlines the procedures they expect credit unions to follow when providing banking services to Money Services Businesses. We'll summarize the risks and rewards of serving MSBs, the procedures DICO’s suggests, and outline the MSB screening and monitoring services. View the full blog post >>